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The Latest Breaking News on Real Estate

Mortgage ‘ticking timebomb’ I warned of has exploded, says Martin Lewis

Comments come as data shows average two-year fixed rate rises to 6.07%, and five-year to 5.72%

The Guardian - UK

OPINION - The Standard View: Renters have long felt the pain hitting homeowners

As interest and mortgage rates soar, London’s renters would be forgiven for thinking “welcome to our world”.

Evening Standard

Roughly 60% of Londoners say housing crisis has worsened since last general election

Looking across the whole of Britain, the poll also showed that a majority (52 per cent) of Conservative voters believe not enough social housing is being built

Evening Standard

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read the most diverse news in one place.

When will mortgage rates come down? Interest rate remains high after Bank of England update

The Bank has kept the base interest rate the same once again

Evening Standard

Prince William to celebrate first birthday as Prince of Wales as he turns 41

The future king was born at St Mary’s Hospital, Paddington, at 9.03pm on 21 June 1982

The Independent UK

Scottish property developer gets £4.1 million for student accommodation

55-room development on the corner of Nethergate and West Marketgait should be finished in December

Insider UK

The Cardiff church which has been derelict for years now hoping to reopen again

The grade II-listed Grangetown church, home to a World War One memorial window, is hoping to reopen to the community soon after extensive repairs.

Wales Online

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America's housing shortage is keeping home prices high

The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.

Axios

Dozens of new homes to be built near Old Trafford Metrolink stop

Affordable scheme near cricket and football stadiums gets go-ahead

Manchester Evening News

Radical vision for a 160-home town centre ‘village’

Family homes are set to be built close to Bradshawgate in Bolton town centre

Manchester Evening News

Brits spending more on rent than at any other point in last 10 years

According to property portal Zoopla, the average UK tenant is paying 28.3% of their yearly pay, before tax, on their rent alone

Daily Mirror

Habitat for Humanity sets sights on converting disused offices and retail to homes

It’s already copleted two such conversions in the borough of Barking and Daghenham

Evening Standard

Australian government seeks urgent legal advice on double dissolution over housing bill standoff

Labor used question time to pile pressure on the Greens, accusing them of caring more about retweets than rentals

The Guardian - AU

Possible Russian link with Llanelli hotel earmarked for hundreds of asylum seekers is raised in Parliament

Llanelli's MP has asked if the Government will look into the potential link, but the Home Office has failed to answer any of the questions put to it by the Local Democracy Reporting Service

Wales Online

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Manchester Evening News

Iconic Toast Rack building put up for sale ahead of major transformation

The site which comprises the Toast Rack, Horseshoe, Gateway site and Stitching Hall

Birmingham Post

Contract to design M5 improvements near Cheltenham secured

Galliford Try has entered into an Early Contractor Involvement agreement with Gloucestershire county Council

The Week

Where is the cheapest place to rent in the UK?

A growing number of young people are unable to fly the nest because of soaring rental costs, latest figures show.

The Independent UK

Michael Gove says 25-year fixed rates could ease mortgage crisis

Housing secretary suggests Canadian-type deals – as Sunak government under pressure to end ‘mortgage horror show’

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Birmingham Post

Manchester's iconic Toast Rack building put up for sale

The site already has detailed planning consent for 211 homes

The Guardian - UK

Hunt rules out mortgage support or food price caps; Mortgage ticking time bomb is ‘now exploding’ – as it happened

Jeremy Hunt faces calls to introduce mortgage interest tax relielf from Conservative MPs at Treasury Questions, and rules out price caps on food

The New Daily

‘Juvenile’: PM seeks advice as housing policy stalls

Anthony Albanese says the government is seeking advice on the triggers for a double dissolution after the Greens delayed a key housing bill.

The Independent UK

William turns 41 in first birthday as Prince of Wales

The future king was born at St Mary’s Hospital, Paddington, at 9.03pm on June 21 1982.

The Guardian - AU

RBA says decision to lift interest rate in June was ‘finely balanced’, easing expectations of further hikes

Minutes from RBA meeting on 6 June show the board was concerned about the ‘considerable uncertainty regarding the outlook for household spending’

The New Daily

All options on table as housing fund held up in Senate

Labor could shelve a key election promise - legislating a $10 billion housing fund - after the Greens successfully had it delayed until October.

The Guardian - AU

Will a national rent freeze fix Australia’s housing crisis? Depends on who you listen to

There’s nothing radical about regulating rents and smoothing off shocks, but self-interest will always override reason

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